FAM Funds

January 12, 2016

Fenimore Asset Management, the investment advisor to FAM Funds, today announced that Institutional Shares are now available for its distinctive FAM Small Cap Fund. The new ticker symbol for the Institutional Shares is FAMDX. The FAM Small Cap Fund seeks to maximize long-term return on capital with a concentrated portfolio of 20 to 30 holdings and focuses on quality companies in the smaller end of the small-cap space.

The FAM Small Cap Fund Institutional Shares provides an opportunity for Registered Investment Advisors and Financial Professionals to invest at a lower expense ratio in exchange for a higher minimum investment. The minimum investment for the newly launched share class is $1 million.

“FAM Small Cap Institutional Shares may complement an investment advisor’s existing small-cap holdings in two key ways,” said Anne Putnam, Vice President of Intermediaries. “First, the Fund is very concentrated and can provide balance alongside a diversified fund. Second, we seek to mitigate risk through our in-depth research process and focus on quality companies,” Ms. Putnam added.

About FAM Funds
Fenimore Asset Management, the independent investment advisor to FAM Funds, was established in 1974 with a focus on long-term, value investing. Its genesis came from the astute sale of a quality, successful, family business. Fenimore invests in companies that exhibit those same top-notch characteristics at what it appraises to be discounted prices.

While having the upside potential of concentrated small- to mid-cap portfolios, the manager seeks to mitigate risk and preserve capital through its in-depth research process and active management. It is this same steadfast investment approach that has helped Fenimore navigate multiple economic and financial market cycles.

Past performance is not indicative of future results, current performance may be higher or lower than the performance data quoted. Investment returns may fluctuate; the value of your investment upon redemption may be more or less than the initial amount invested.

To obtain additional prospectuses or summary prospectuses and performance data that is current to the most recent month-end for each fund as well as other information on the FAM Small Cap Fund, please go to famfunds.com or call (800) 932-3271.

Please consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The FAM Funds prospectus or summary prospectus contains this and other important information about the FAM Small Cap Fund and should be read carefully before you invest or send money. The principal risks of investing in the fund are: stock market risk (stocks fluctuate in response to the activities of individual companies and to general stock market and economic conditions), stock selection risk (Fenimore utilizes a value approach to stock selection and there is risk that the stocks selected may not realize their intrinsic value, or their price may go down over time), and small-cap risk (prices of small-cap companies can fluctuate more than the stocks of larger companies and may not correspond to changes in the stock market in general).

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Please consider a fund’s investment objectives, risks, charges and expenses carefully before investing. Read our prospectus or summary prospectus.

All investing involves risk including the possible loss of principal. Before investing, carefully read the fund’s prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 or visit famfunds.com for a prospectus or summary prospectus.